Fabric Aid S.A.

L
“Selling Used Clothes & Shoes at Good Quality”

Khodor Eido
James Damlakian
Dany Araby
Johnny Awar
Jalal Abou Hasan
Contributions:
As Shareholders each of us contributed as followed:

1) IN CASH:

 Khodor contributed in 20,000,000 L.L

 James contributed in 15,000,000 L.L
 Dany contributed in 10,000,000 L.L

2) IN KIND:

 Johnny contributed with a Land that has a cost of 25,000,000 L.L

 Jalal contributed with a Vehicle having a cost of 15,000,000 L.L
Total Capital & Distribution Of Shares:
 Total Capital : 85,000,000 L.L
 Percentage Distribution for shareholders (According to their contributions)
 Khodor: 23.52 %
 James: 17.65 %
 Dany: 11.76 %
 Johnny: 29.42 %
Jalal : 17.65 %

 Nominal Value Per share: 1,000 L.L

Total Number of shares : 85,000 shares
Management Of The Company:
Our Board Of Directors
(All Directors are Lebanese)

Khodor Johnny
Jalal Chairman-General Dany Assistant-
Manager General
James Manager
During our meeting we elected from amongst its directors the
chairman-general manager “ Khodor Eido”. The Chairman –
General Manager is generally in charge of the Company’s day-
to-day business.

Upon Mr. Khodor’s recommendation the Chairman of the

Board/General Manager, appointed Johnny the Assistant -
General Manager and determined his powers.

The Assistant - General Manager will carry his duties under the
personal responsibility of the Chairman of the Board and
under his direct supervision.
Registration Process Of The Company:
Fabric Aid S.A.L Is located In Achrafieh
The drafting of the Articles Of Association is the first action to be taken by
the founders.
 Registration is done at the Commercial Register/ Mouhafaza: Beirut
 Articles of Association Include:
1) Name of Company: Fabric Aid S.A.L
2) Scope of activities: Selling used Clothes & Shoes
3) Headquarters: Achrafieh
4) Total Capital & Shares: 80,000 shares & Capital of 85,000,000 L.L
5) Return Of Investment for shareholders
6) Lease Agreement
7) Ease of Transferring Shares
8) Types of shares Implemented
Moreover, the Articles of Association should be signed, deposited and
registered before the notary Public.

Publication:
During our meeting we agreed on publicizing our company to invite the
public to subscribe in the company’s Capital.
So,
In that case, a notice with the main points of interest to eventual
subscribers, must be published in:
 the official gazette;
 a local newspaper; and
 an economic newspaper.